Volkswagen to beat GM in China sales, Bloomberg says

Volkswagen A.G. is set to sell more vehicles in China than General Motors Co. for the first time in nine years, regaining its place as the biggest foreign carmaker in the world’s largest auto market, Bloomberg News reported Thursday. Both companies have surpassed their targets to deliver more than three million vehicles in China this year, with Volkswagen crossing the mark on Dec. 5 and GM a week later, the report said. Competition is likely to intensify among top European and American carmakers, which have announced a combined US$36 billion in investment in China, despite measures to restrict vehicle sales by some cities to cut pollution, it added.

About US$1.3 billion has been invested in blockchain companies in the first five months this year, surpassing the amount of venture capital in the field for the whole of 2017, Crunchbase reports. A number of...

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The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law that was used to impose tariffs on aluminum and steel, Reuters reports, citing people with...